Trust Storage Account definition

Trust Storage Account means a wallet that is not online and not connected to the internet, used for storage of the Trust's SOLs where they are readily accessible and available to pay Trust expenses.
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Trust Storage Account means a wallet that is not online and not connected to the internet, used for storage of the Trust’s Bitcoins where they are readily accessible and available to pay Redemption Units and Trust expenses.
Sample 1Sample 2

Examples of Trust Storage Account in a sentence

  • A Purchaser who places a Purchase Order shall deliver the Bitcoin Purchase Amount to the (i) Bitcoin Account, the Trust Storage Account, the Trust Safekeeping Account, at the Sponsor’s instruction or (ii) a cash denominated account, at the direction of the Sponsor or its delegate, in each case by no later than 6:00 p.m., Eastern time on the Purchase Order Day.

  • Upon receipt of the Bitcoin Purchase Amount, the Custodian or delegated agent, as the case may be, shall transfer the Bitcoin Purchase Amount to the Trust Storage Account, the Trust Safekeeping Account or a cash account, as applicable.

Related to Trust Storage Account

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.